Pradhan Mantri Jeevan Jyoti Bima Yojana continues to provide a year-long life insurance cover of ₹2 lakh for individuals aged 18 to 50 at an affordable annual premium of ₹436. The scheme runs from 1 June to 31 May each year and can be renewed annually through participating banks and post offices.
Launched in 2015, this central government scheme offers financial protection to families regardless of the cause of death. The premium gets auto-debited from the subscriber's savings account, making the process simple and hassle free.
Pradhan Mantri Jeevan Jyoti Bima Yojana
How to apply
You can enroll in Pradhan Mantri Jeevan Jyoti Bima Yojana through offline or online channels.
STEP 1 - Visit your bank branch or post office where you hold a savings account and ask for the PMJJBY consent-cum-declaration form. STEP 2 - Fill in your personal details including name, address, nominee information, and Aadhaar number. STEP 3 - Sign the form and submit it along with a self-attested copy of your Aadhaar card. STEP 4 - Collect the acknowledgement slip or certificate of insurance from the bank or post office official after submission.
For online enrollment, log in to your bank's net banking portal, navigate to the insurance or social security section, select PMJJBY, and follow the on-screen instructions to complete the registration. The premium will be auto-debited from your linked account.
Who can apply
To join Pradhan Mantri Jeevan Jyoti Bima Yojana, you must meet these conditions:
- Age between 18 and 50 years at the time of enrollment
- Hold an individual savings bank account or post office savings account
- Provide Aadhaar as the primary KYC document
- Give consent for auto-debit of premium from the account
If you have multiple bank accounts, you can enroll through only one account. NRIs with eligible Indian bank accounts can also join, but claim benefits are paid only in Indian currency to the nominee.
Benefits and coverage
Pradhan Mantri Jeevan Jyoti Bima Yojana offers the following benefits:
- Life cover of ₹2 lakh for death due to any cause including accidents, illness, natural calamities, or suicide
- Cover period of one year from 1 June to 31 May, renewable annually
- Annual premium of ₹436, auto-debited from the subscriber's savings account
- No medical examination required for enrollment
- Simple claim process through the bank or post office where enrolled
Note that for non-accidental deaths, no claim is payable if death occurs within the first 30 days of enrollment. Accidental death is covered from day one.
Premium payment schedule
The full annual premium of ₹436 applies if you enroll between June and August. If you join later in the year, the premium is adjusted quarterly:
| Enrollment Period | Premium Payable |
|---|---|
| June, July, August | ₹436 |
| September, October, November | ₹342 |
| December, January, February | ₹228 |
| March, April, May | ₹114 |
You can rejoin the scheme later if you exit, provided you still meet the age and account eligibility criteria.
| Detail | Information |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| Launched By | Government of India |
| Ministry | Ministry of Finance |
| Beneficiaries | Individuals aged 18 to 50 years with savings account |
| Life Cover | ₹2 lakh |
| Annual Premium | ₹436 |
| Cover Period | 1 June to 31 May (renewable yearly) |
| Application Mode | Offline at bank/post office or online via net banking |
| Official Website | jansuraksha.gov.in |
| Toll-Free Helpline | 1800-180-1111 / 1800-110-001 |
References
FAQ's
How do I pay the premium for Pradhan Mantri Jeevan Jyoti Bima Yojana?
The premium of ₹436 per year is automatically deducted from your linked savings bank or post office account through the auto-debit facility. You need to maintain sufficient balance in the account before the due date.
What is the validity of the insurance cover?
The cover is valid for one year from 1 June to 31 May. You must renew it each year by ensuring the premium is auto-debited before the renewal date.
Can I enroll after the June-August period?
Yes, you can enroll at any time during the year. The premium is adjusted based on the quarter of enrollment as shown in the premium table above.
Can I rejoin the scheme if I exit?
Yes, you can enroll again at any later time provided you are still between 18 and 50 years of age and hold an eligible savings account.
Who administers the scheme?
The scheme is offered by life insurance companies in partnership with participating banks and post offices, which handle enrollment and claim settlement.
What is the minimum eligibility to subscribe?
You must be a savings account holder between 18 and 50 years of age. If you have multiple accounts, enroll through only one.
Are NRIs eligible for this scheme?
Yes, NRIs with an eligible savings bank account in India can join. Claim benefits are paid to the nominee only in Indian rupees.
Does the scheme cover death by suicide or natural calamities?
Yes, death due to all causes including suicide, natural calamities, accidents, and illness is covered under this scheme.
How do I access the claim form?
You can download the claim form from the official Jansuraksha website or collect it from your bank branch or post office where you enrolled.
What happens if the premium auto-debit fails?
If the auto-debit fails due to insufficient balance, the cover may lapse. You can re-enroll by submitting a fresh consent form and paying the applicable premium for the remaining period.
Is there a maturity or surrender benefit?
No, this is a pure term insurance scheme. There is no maturity benefit, surrender value, or return of premium. The benefit is payable only on death of the subscriber during the cover period.
